With 29.4 million beef cows recorded as of July 1, US farmers are raising the fewest beef cows since 1971, as shown by US government data released on July 21 and reported by Reuters.

Recording a 2.6% decrease on previous years figures, the biannual report said it was the smallest herd for the date since records began being taken, 52 years ago and represented a fifth year of reducing numbers.

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